Stonebridge Financial Group LLC Increases Stock Holdings in abrdn Physical Gold Shares ETF $SGOL

Stonebridge Financial Group LLC raised its position in abrdn Physical Gold Shares ETF (NYSEARCA:SGOL) by 6.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 430,410 shares of the company’s stock after acquiring an additional 26,939 shares during the period. abrdn Physical Gold Shares ETF makes up about 1.2% of Stonebridge Financial Group LLC’s holdings, making the stock its 23rd largest position. Stonebridge Financial Group LLC’s holdings in abrdn Physical Gold Shares ETF were worth $17,027,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its position in shares of abrdn Physical Gold Shares ETF by 4.3% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 10,244 shares of the company’s stock worth $392,000 after purchasing an additional 427 shares during the period. NewEdge Advisors LLC grew its position in abrdn Physical Gold Shares ETF by 129.9% in the 2nd quarter. NewEdge Advisors LLC now owns 695,666 shares of the company’s stock valued at $26,595,000 after purchasing an additional 393,006 shares during the period. IFP Advisors Inc increased its stake in abrdn Physical Gold Shares ETF by 6.7% during the 2nd quarter. IFP Advisors Inc now owns 52,629 shares of the company’s stock valued at $2,012,000 after purchasing an additional 3,314 shares in the last quarter. Baird Financial Group Inc. increased its stake in abrdn Physical Gold Shares ETF by 8.7% during the 2nd quarter. Baird Financial Group Inc. now owns 633,001 shares of the company’s stock valued at $24,200,000 after purchasing an additional 50,771 shares in the last quarter. Finally, Waverly Advisors LLC raised its holdings in abrdn Physical Gold Shares ETF by 1.3% during the second quarter. Waverly Advisors LLC now owns 966,282 shares of the company’s stock worth $36,941,000 after buying an additional 12,554 shares during the last quarter.

abrdn Physical Gold Shares ETF Stock Up 0.5%

Shares of abrdn Physical Gold Shares ETF stock traded up $0.18 during trading hours on Thursday, reaching $39.74. The company’s stock had a trading volume of 3,265,946 shares, compared to its average volume of 4,307,250. abrdn Physical Gold Shares ETF has a one year low of $36.40 and a one year high of $52.84. The stock’s fifty day simple moving average is $41.17 and its two-hundred day simple moving average is $41.97.

abrdn Physical Gold Shares ETF News Roundup

Here are the key news stories impacting abrdn Physical Gold Shares ETF this week:

• Positive Sentiment: Softer PCE inflation reduced expectations for additional Federal Reserve rate hikes, while a pullback in Treasury yields helped gold recover from recent lows. This is supportive for SGOL because lower yields reduce the opportunity cost of holding non-yielding gold. Gold and Silver Forecast: Softer PCE Cuts Fed Hike Bets
• Positive Sentiment: Gold has gained some ground despite a strong dollar as traders focused on falling Treasury yields, offering near-term support to the gold-backed ETF. Gold, Silver and Platinum Forecasts
• Neutral Sentiment: Investors are awaiting payrolls for a clearer signal on interest rates. A weak labor report could support gold by encouraging a less-hawkish Fed, while strong employment data could revive rate-hike expectations. Gold Forecast Before Payrolls
• Neutral Sentiment: Technical traders are monitoring support near $4,111. Holding that level could trigger a recovery, while a decisive break would signal that the decline is continuing. Gold Price Forecast: Key Support
• Negative Sentiment: Gold remains below broken resistance, with the 10-year Treasury yield near 5.34% and a firm dollar limiting upside. Analysts also warn that a break below nearby support could expose substantially lower technical levels, keeping SGOL under pressure. Gold Forecast: Breakdown Risk Grows

About abrdn Physical Gold Shares ETF

The abrdn Physical Gold Shares ETF (SGOL) is an exchange-traded fund that is based on the LBMA Gold Price index. The fund seeks to track the spot price for gold, less trust expenses holding costs, holding physical gold bars. SGOL was launched on Sep 9, 2009 and is managed by Abrdn.